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Putting aside Judicial nominations and steroids
Quote:
Originally posted by Mmmm, Burger (C.J.)
Well, I'm glad that we're down to a debate on terminology.
I will henceforth blame the ailments of the airlines on "market failure", rather than their own unsensible pricing policies.
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Health care involves buyers and sellers who have radically different levels of information, in circumstances approaching if not defining duress. It should be no surprise that markets don't work well in these sorts of situations. You can try to ameliorate these problems by negotiating insurance contracts, but it only helps somewhat, and creates massive incentives for gamesmanship as the insurer and provider fight over the application of coverage. We have compounded these problems by incenting (I hate that word) employers to purchase group coverage, further removing the customer from the decision about what to purchase.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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